$60.4B Sandy-relief bill is set for a Senate vote

12/23/2012 | PropertyCasualty360

The Senate has set the stage for a decision on a measure to provide $60.4 billion for rebuilding in states affected by superstorm Sandy and its remnants. The bill, which also would raise the National Flood Insurance Program's borrowing authority to $30.4 billion, could face hurdles in the House, according to this article. "Before we release another round of federal dollars, let's have all the information we need to make the best possible decision. Congress has already approved $7.1 billion, and [the Federal Emergency Management Agency] has not indicated that more is needed at this point," said Jennifer Hing, a spokeswoman for House Appropriations Committee Chairman Hal Rogers, R-Ky.

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